Business for Shared Prosperity

By Michael Schwartz
Inside Business - Hampton Roads (VA) Business Journal, 3/12/10

The dramatic commercial paid for by the U.S. Chamber of Commerce to oppose the proposed federal Consumer Financial Protection Agency makes the issue seem dire.

It depicts a sleepless American, apparently haunted by economic woes, tossing and turning on cue with the voiceover and on-screen job loss stats.

Guest Post By Tim Duncan, Chairman of American Business Leaders for Financial Reform
Naked Capitalism, March 12, 2010

Marketplace, March 10, 2010

The House passed its reform bill in December, but the Senate's version has been delayed for several weeks as senators haggle over what may or may not be in it. John Dimsdale reports.

TEXT OF STORY

By Ryan McCarthy
Huffington Post, 3/10/10

The opponents of the Obama administration's proposed Consumer Financial Protection Agency apparently have very little competition in the Google AdWords space.

By Jackie Nash, Daily Reporter Staff Writer
Daily Court Reporter, March 9, 2010

Business organizations and interested parties statewide are backing national efforts encouraging U.S. senators to help bolster businesses and consumers by creating a Consumer Financial Protection Agency.

Discussions about establishing the CFPA have been in the works since last year when President Barack Obama first proposed the agency's creation.

By Kathleen Pender
San Francisco Chronicle, March 7, 2010

One of the most contentious issues in Congress, after health care, is the proposed creation of an independent consumer protection agency for financial products such as bank accounts, credit cards, mortgages and some student and auto loans.

Many Democrats and consumer groups say the Federal Reserve and other regulators were so focused on bank profits and balance sheets that they allowed the spread of destructive consumer products - such as subprime and pick-your-payment mortgages - that nearly collapsed the financial system.

Herald News (NJ), 3/5/2010

Op-Ed By Lya Sorano
The Hill, 3/4/10

Over the past year, financial institutions have put extraordinary pressure on small businesses. They have slashed lines of credit, increased interest rates even for customers that always pay on time, and mailed out more and more reams of incomprehensible fine print that even good lawyers can’t understand.

By ubetchaiam
Firedoglake Seminal, March 4, 2010

We have all heard about the political pull the Chamber of Commerce has.

Well,here’s a little tidbit I came across: "The U.S. Women’s Chamber of Commerce, which supports a strong CFPA, has more members than the U.S. Chamber of Commerce, which does not. The U.S. Women’s Chamber has 500,000 members, most of them small businesses, while the U.S. Chamber has only 300,000 members."

By Carol Tice
Entrepreneur, March 2, 2010